Stock Market Live: Dow Futures Drop After Tesla, IBM Earnings; Nasdaq Rises on Alphabet Results
US stock futures trade mixed this morning. Dow declines after weaker results from Tesla and IBM. Nasdaq gains as Alphabet tops forecasts and boosts AI investment. Follow Live market developments here.
Wall Street opens Thursday with mixed signals across major indexes, as traders analyze earnings from big names in tech and monitor policy shifts that could impact global trade. Dow Jones futures are down, Nasdaq is moving higher, and the S&P 500 remains steady after closing at a fresh record Wednesday.
This live blog will track real-time stock market developments, including reactions to second-quarter results from Alphabet and Tesla, moves in AI-related shares, and key macroeconomic data scheduled for release throughout the day.
Alphabet's stronger-than-expected earnings and renewed investment in AI have boosted sentiment in the tech space, helping lift Nasdaq futures. In contrast, Tesla stock is under pressure following an earnings miss and warnings from CEO Elon Musk about near-term challenges tied to federal EV tax changes.
IBM is also weighing on Dow futures after its earnings release late Wednesday. The stock slipped in early trading, dragging on the broader industrial index just as it neared its first record high of the year.
Investors are also watching for updates on a potential trade agreement between the US and EU. Reports suggest a new tariff structure could be finalized before August 1, possibly easing tensions over import taxes that were raised in April.
On the data front, today’s calendar includes weekly jobless claims, US manufacturing and services activity readings for July, and new home sales—all of which could shape expectations ahead of the Federal Reserve’s policy meeting later this month.
Stay with us here for live updates on key stock movements, earnings reactions, policy news, and market data releases throughout the trading day.
Key Moments
- Tesla stock drops on weak Europe sales and tax cuts ending.
- IBM slides after missing revenue estimates.
- US-EU near deal to cut import tariffs to 15%.
- Nasdaq rises as Alphabet posts strong results.
- Dow futures fall after Tesla and IBM earnings disappoint.
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24 Jul 2025 09:45 AM
Good Morning – Key Events to Watch TodayWall Street opens the day with a full slate of data and earnings in focus.
Economic Data (July 24):
- Weekly jobless claims (week ending July 19)
- Chicago Fed activity index (June)
- S&P Global PMIs for July: manufacturing, services, and composite
- New home sales for June
Companies Reporting Results Today:
Intel, Honeywell, Dow Inc., Blackstone, Nasdaq, Nokia, Keurig Dr Pepper, Union Pacific, American Airlines, Southwest, and Deckers
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24 Jul 2025 09:50 AM
Big Tech Stays Focused on AI Growth
Alphabet and Tesla released their quarterly results, showing that artificial intelligence remains a central part of their business plans.
Google posted stable performance in cloud and AI products. Tesla flagged some near-term pressures, but didn’t outline any major shift in strategy.
Investors are watching how the largest tech companies manage rising costs and global trade changes, but so far, the AI rollout continues without major disruptions.
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24 Jul 2025 09:51 AM
Tesla Shares Drop After Earnings Miss and Musk's Warning
Tesla stock is down over 6% in early trading after missing earnings estimates.
CEO Elon Musk said the company could face a few difficult quarters ahead. Investors are also weighing potential delays in Tesla’s autonomous driving rollout and the impact of expiring EV incentives in the U.S.
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24 Jul 2025 09:52 AM
Jobless Claims Drop to Three-Month Low
New jobless claims fell to 217,000 last week — the lowest since mid-April, according to data released Thursday.
The number of Americans filing for unemployment benefits dropped by 4,000 from the week before, showing steady cooling since May.Continuing claims edged up to 1.955 million, a sign some workers may be staying unemployed longer than earlier this year.
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24 Jul 2025 09:53 AM
IBM Shares Fall After Software Sales Miss Estimates
IBM stock dropped over 6% in early trading after software revenue came in slightly below Wall Street forecasts.
Second-quarter sales in the software division totaled $7.39 billion, just under the $7.41 billion analysts expected.Despite the miss, IBM reported adjusted earnings of $2.80 per share and total revenue of $16.98 billion — both beating consensus.
Revenue from its infrastructure unit, driven by demand for AI-optimized mainframes, reached $4.14 billion, ahead of expectations.
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24 Jul 2025 09:58 AM
US Stocks Open Mixed as Tech Reports and Labor Data Set the Tone
Stocks opened on uneven ground Thursday morning after fresh quarterly results from major tech firms and updated figures on jobless claims gave markets a lot to weigh.
The Dow Jones Industrial Average (^DJI) slipped 0.6% at the open, falling back after coming within reach of a record close on Wednesday. The Nasdaq Composite (^IXIC) rose 0.3%, helped by gains in select technology names, while the S&P 500 (^GSPC) edged up 0.1%.
Thursday’s opening moves followed quarterly earnings from companies including Tesla, Alphabet, and IBM, which landed with a mixed impact. Tesla’s shares dropped after the company flagged a challenging few quarters ahead. Alphabet's numbers were more upbeat, while IBM's software revenue missed expectations.
Meanwhile, new data from the Labor Department showed initial unemployment claims fell to 217,000, the lowest weekly total since April — suggesting layoffs remain limited even as hiring slows in some sectors.
Traders are also watching for updates on potential trade talks between the US and European Union.
